Providence Car Insurance

The Zebra
May 30, 2018

How Much Does Providence, RI, Car Insurance Cost?

On average, premiums in Providence are 37% greater than the state average, so cutting costs while insuring a vehicle in Providence is especially vital. Why don't we take a look at how to find cheap car insurance in Providence?

  • City Average: $2,745
  • State Average: $2,004
  • National Average: $1,427

Providence Car Insurance by Accident or Violation History

Does your driving record show a history of accidents or violations? That can cost you in terms of car insurance rates. Insurance rates are impacted by at-fault accident history, and more specifically, by how much damage resulted from the accidents. Being at-fault in an accident with damages exceeding $2,000 costs you an extra $562 per year in premiums compared to an accident with damages less than $1,000. In general, a DUI in Providence will cost you 77% more in car insurance premiums versus the city average ($2,745). Reckless driving will also drive your rates up, with average rates of $5,042. That is 84% higher than the city average!

  • DUI: $4,849
  • Reckless Driving: $5,042
  • At-fault Accident (damages less than $1000): $3,327
  • At-fault Accident (damages greater than $2000): $3,889
  • Speeding Ticket (16-20 mph over speed limit): $3,384

Providence Car Insurance by Credit Rating

Individuals with Very Poor credit (300-579) normally pay more than twice as much every year on premiums than those with Exceptional credit (800-850). Drivers will see the greatest percent drop in premiums when they upgrade their credit from Very Good (740-799) to Exceptional (800-850). That change can save them 20% per year.

  • Very Poor: $5,117
  • Fair: $4,293
  • Good: $3,537
  • Very Good: $2,898
  • Exceptional: $2,327

Ready to start saving?

Location pin icon
Your information is secure.

Providence Car Insurance by Gender and Marital Status

Car insurance premiums in Providence vary depending on driver traits such as gender and marital status. You spend roughly $180 more per year if you're single as opposed to married. Rates for those who are widowed are relatively cheaper than rates for those who are single. 2% is the amount by which men's and women's car insurance premiums differ.

  • Female: $2,697
  • Male: $2,745
  • Single: $2,745
  • Married: $2,561
  • Divorced: $2,745
  • Widowed: $2,653

Providence Car Insurance by Age

When you look across all age groups, drivers in their 50s have the smallest rates. Their rates typically average $2,446 per year. Car insurance premiums are highest for teenage drivers, with payments that average $10,672 per year. When drivers reach their 20s in Providence, therefore moving out of the teenage age range, they can save 65% on car insurance. You will not see a larger gap between any other age group. While insurance rates for drivers in Providence will continue to shrink through their 50s, they should anticipate an increase when they turn 60.

  • Teenagers: $10,672
  • 20s: $3,750
  • 30s: $2,704
  • 40s: $2,591
  • 50s: $2,446
  • 60s: $2,772
  • 70s: $3,037